Wednesday, December 31, 2014

2014 Ends - The Dollar is Strong, But For How Long?

I thought I would post a year-end wrap-up in this "long in the tooth" blog to let those who still check it once in a while can see that I'm still alive and trading.  Most of my attention has been focused on my personal trading and supporting some up-and-coming niche hedge funds.  In both avenues my efforts have been successful.

It was a good year in most aspects.  No thanks to current politicians and anti-market types.  Socialism and other "high control" governments are trying to make it as difficult as possible for free markets to operate as they should.

Notwithstanding, we've got some real market trends in place.  The dollar is strong vs. almost any currency out there: AUD, NZD, JPY, EUR, CHF, GBP, CAD, MXN (Mexican Peso) and precious metals.

Trading OneNightStand and trailing a portion of the positions on strong follow-through trades after the beginning of July resulted in very reasonable gains.  At one point in mid-October, the account was at $1,289.21.  With a lot of back and forth towards year-end some reduction in  return was inevitable.  Currently, the forex side of the Challenge account is $1,156.60.

Not so good on the silver side of the Challenge account.  

The 1330 ounces of silver carried over from last year currently have a liquidation value of $20,841.10 (based on the 12/31/14 spot price of $15.67).  

Commodity prices, of which oil is a huge percentage, have all dropped significantly this year relative to the dollar.  Since May, Crude Oil prices have dropped in half.  Which didn't help silver and gold values at all.  It is really amazing that silver didn't fall more with the fallout in commodities.  Maybe it will.  Either way, I have no interest in liquidating any of the silver the Challenge account has accumulated.

Large shifts in value between asset classes and capital inflows into others (like the US stock market as of late) cause new trends to begin and existing trends to continue.  So keep selling that Euro for awhile yet.

Quick summary:

Silver value:         $20,841.10
Forex account:      $1,156.60
Total:                     $21,997.70

This year I may trade some additional breakout setups to increase returns on some of these trends we're seeing.  I'll post something if/when I start.

ONS is still working of course.  A number of hardy ONS and FirstStrike followers have been in steady contact with me and have also had a decent year.  It is pretty obvious that there are trends going when a currency is falling vs the dollar for 8 weeks like we saw in the Euro.  Still, many traders had a hard time believing the moves were just more than simple corrections.  

A person needs a method that has limited risk and open ended outlier potential to profit from markets primarily dictated by chaos theory.  Which forex and commodity markets most definitely are.

Best wishes on 2015.

I will be thinking of you.



Stock Trading Tips said...

news about Dollar is very good and blog also nice

Forex Tips

Fxpips said...

In the previous year Dollar gone up and down, so we can say Dollar will not go strong for many time.

Addison Conroy said...

Advancements in forex trading can be linked to many areas. While much has been written on its influence on contemporary living, several of today’s most brilliant minds seem incapable of recognizing its increasing relevance to understanding future generations. Crossing many cultural barriers it still draws remarks such as 'I wouldn't touch it with a barge pole' and 'i'd rather eat wasps' from those politically minded individuals living in the past, whom I can say no more about due to legal restrictions. With the primary aim of demonstrating my considerable intellect I will now demonstrate the complexity of the many faceted issue that is forex trading.

Anonymous said...

Nice post ! try this ...Simple ways to improve your trading

Fxpips said...

In today's analysis Dollar falling down.

Rachel Adams said...

Our FX Robot works 24h from Monday to Friday making 450 pips daily, $50k monthly. You can make it too easily. Check

Siri Vivienne Marie Khalsa Maglana said...

Hi My name is Louise Smith and I am sharing you some Forex coaching and mentoring success
For the purposes of this Forex course review, I registered for the course quickly and easily on the website.
The course is designed not only to prevent traders from wiping out quickly,
but also to give them the tools they need to continue trading based on technical analysis on a long-term basis.
I’m usually skeptical about online Forex courses, but this Forex coaching and mentoring success
put me completely at ease from the beginning, After about a week of studying the information provided
I felt comfortable to start placing small trades.

Mike Jack said...

I've recently started using a new forex scalping indicator called "Buy Sell Arrow Scalper" and the results are simply fantastic! I just keep making profit everyday!
Forex Tips : Super Easy! Super Profitable!

BinĂ¡rnĂ­ Opce said...

Only one article per year?

Forex Profit Signal said...

Forex profit signal is an exclusive signal provider site on online service. Forex profit signal only provide 100% guaranteed signal and 100% money back guaranteed. It has a large professional analyst team to generate effective signals. Signal on major currency EUR/USD, GBP/USD, USD/JPY, USD/CHF with entry price and exit signals in real time (1or 2/3 times daily). Besides, All alerts are sent to subscribers by e-mail.It tries to give better signal and profit it’s clients. It offers guaranteed of profit of 1000+ pips per month.

ultimate said...

Hi i have a new blog of trade and forex, i would like exchange links with your blog
Easy Trading

ultimate said...

Hi i have a new blog of trade and forex, i would like exchange links with your blog
Easy Trading

ultimate said...

Hi i have a new blog of trade and forex, i would like exchange links with your blog
Easy Trading

Thanks a lot!!!

Vladimir Ribakov said...

Yes, 95% of all Forex traders are losing money! My new system will let you see profits from the Forex market even from many losing trades....

Bhoomi Desai said...

What an awesome post on dollar forecast ! the Way is simply to express the forecasting of future market . thanks for giving. :) Forex Trading tips

Arsalan Mukhtar said...

Nice Post And Also Check My Video
How To Trading On Long Legged Doji Forex Part 6

Arsalan Mukhtar said...

Nice Post And Also Check My Video
How To Trading On Long Legged Doji Forex Part 6

Forex Expert said...

Hello, just want to sharing
I found this good EA that use scalping strategy.
He prove it with live accounts on his website.
The EA name is MT5 FX EA.
Check it yourself:

Anonymous said...

thanks for this info dear

Anonymous said...

uk topuk said... --- fat loss sexy --- sex xx --- sex xx --- orchids orchidaceae phalaenopsis care --- dog food xx --- baby potty xx --- forex fx xx --- fat loss xx --- betting money xx --- options trading xx

mesothelioma master xx

uk topuk said... --- fat loss sexy --- sex xx --- sex xx --- orchids orchidaceae phalaenopsis care --- dog food xx --- baby potty xx --- forex fx xx --- fat loss xx --- betting money xx --- options trading xx

mesothelioma master xx

fx trendy said...

I will tell you new information may help you to analyse the chart
There is a new program called Forex Trendy .
is a software solution to avoid trading during uncertain market periods.
Instead, pick the best trending pair at the current time.

It uses no indicators, but the trend is determined by pure price action.

It quickly scans 34 Forex pairs on all time frames from minute to monthly.
That's 34 x 9 = 306 charts.
Forex Trendy analyzes all the charts for you every second! This way,
you get the best trending pair and time frame at any time you want.

The software runs on our powerful computers so you instantly get the result online.
Therefore, you can use your favorite trading platform such as MetaTrader,
NinjaTrader, TradeStation... and there is nothing you have to download or install.
It is very easy to use.

The truth is that most Forex systems or robots make money with the trend,
but loose money in a choppy market. For example,
imagine you trade a system that makes 50% winning trades,
but another 50% are losing trades.
By following the trend you would dramatically increase the odds of winning.
If you increase the odds of winning by only 20%, that would
make 70% winning trades and 30% losing trades.
This can make the difference between losing (or breaking-even)
and winning. In other words, by following the best trend it can only be better.
At the end . I'm not the owner of the program.
I am not affiliate . But I took this talk from the
owner of the program

Arsh Bharti said...

your blog is giving very useful knowledge for share market, i'm sharing your information to all friends, we provides commodity tips, stock tips, MCX GOLD, MCX tip, agri commodity tips, and all services related to stock market. click our services
Stock Tips

E-cashpay said...

Deal in all type of Digital Dollars with reliable rates as in “Perfect money, skrill, Web Money, PayPal, Ego pay, Payza, Ok pay and Solid Trust Pay account in Pakistan. We are deal all these services in all over the Pakistan cities (Lahore, Rawalpindi, Karachi, Multan, Peshawar, Faisalabad or Sahiwal).
For More Info Contact 03201424134
Skype: E-Cashpay

Market Indicators said...

Technical analysis, Japanese Candlestick,patterns, books for biginner.

NSD MARKETS Limited said...

Hello Everyone,

NSD Markets offers you an opportunity to join the World’s Leading Forex Platform for Free with tremendous offers on the Best Forex Trading.If You Want to forex software so ping here Forex Software

trrr said...

Me gustaria prender a operar en FOREX

Angga Satria said...

Things Successful Traders Avoid Saying

Becoming a successful trader in the forex market is not easy. You need to have a certain amount of discipline, ingenuity and a penchant for identifying trends if you want to become successful in the forex market. Most traders in the market often find it difficult to generate profits, simply because they look for big rewards in the short term. Becoming a successful trader in the forex market is all about developing a sense of discipline. However, if you want to take a look in the mentality and mindset of a successful trader, you need to figure out the things that they generally avoid saying. To give you a brief idea, here are some of the statements that a successful trader will never say:
“I don’t take losses”
“You don’t need to manage money”
“I use a strategy that’s profitable in all market conditions”
“You Should Trade Daily”

See more at: